Vicor Corp VICR.OQ reported a quarterly adjusted loss of 8 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of three analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 6 cents to 21 cents per share.
Revenue rose 64.3% to $141.05 million from a year ago; analysts expected $96.43 million.
Vicor Corp's reported EPS for the quarter was 91 cents.
The company reported quarterly net income of $41.19 million.
Vicor Corp shares had risen by 5.4% this quarter and lost 1.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 60.6% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electrical components & equipment peer group is "buy."
Wall Street's median 12-month price target for Vicor Corp is $50.00, about 4.4% above its last closing price of $47.80
This summary was machine generated from LSEG data July 22 at 09:00 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)